German Interior Minister: Insolvency Could Be Opel's Only Hope
6 Mar 2009, 10:50 UTC · By: Bogdan Popa / German Interior Minister Wolfgang Schaeuble said in a interview for the Handelsblatt business daily that insolvency may prove to be Opel's only chance to remain in business and, even if most pe...
German Govt. Unsatisfied with Opel's Survival Plan
5 Mar 2009, 14:09 UTC · By: Bogdan Popa / Representatives of the German government said the company can't make a decision whether to direct the requested funds to Opel as the rescue proposal is "inadequate", Autonews informed...
Opel Sends Viability Plan to Germany, Demands 3.3 EUROS in Support
27 Feb 2009, 16:18 UTC · By: Bogdan Popa / General Motors Europe and Opel submitted their viability plan to the German government, emphasizing the need for state support to finance a liquidity gap through the end of 2011. Curiously enough, G...
Dealers Willing to Buy a Stake in Opel
27 Feb 2009, 11:04 UTC · By: Bogdan Popa / As sales in both domestic and overseas markets decreased massively, Opel has already applied for state funds, saying that a 3.3 billion euro loan is absolutely necessary to finance a liquidity gap t...
Skoda, SEAT to Cut More Costs, Share a Single Office Building
26 Feb 2009, 08:52 UTC · By: Bogdan Popa / The economic recession is still making victims in the automotive industry and, even if most automakers around the world already applied massive cost-cutting plans meant to help them cope with the re...
Germany Asks Opel to Submit Viability Plan in Return for Funds
23 Feb 2009, 16:30 UTC · By: Bogdan Popa / Following Opel's call for support last week, German officials came out and explained that it's practically impossible to direct funds to a struggling automaker unless it submits a survival...
Britain Needs a Scrappage Scheme
20 Feb 2009, 16:39 UTC · By: Madalina Iancu / Apparently, Great Britain must take inspiration from France's and Germany's "scrappage scheme" if they want to get rid of the clunkers in people's yards and boost the automo...
GM: No Opel Plants to Be Closed for the Time Being
19 Feb 2009, 13:51 UTC · By: Bogdan Popa / American automaker General Motors does not plan to close German production facilities owned by Opel and expects to see most of its European operations returning to profitability by 2011. Juergen...
2009 Hyundai i30 Sport Launched in Germany
16 Feb 2009, 15:28 UTC · By: Bogdan Popa / The Hyundai frenzy continues even after the company unveiled the Genesis Coupe at the Chicago Auto Show with a brand new model, this time launched in Germany. The South Korean released the Hyundai i...
Porsche Test Driver Dies While Testing the 911 Cabrio
13 Feb 2009, 14:54 UTC · By: Madalina Iancu / Test drives are certainly extremely challenging especially when you get your hands on an exotic vehicle. But this is only one side of the coin as unfortunate accidents also happen... This was the...
PSA Peugeot Citroen and BMW Discuss Alliance
3 Feb 2009, 09:51 UTC · By: Bogdan Popa / Forming strategic alliances during recession times seem to be the easiest way to cut costs without slashing budgets and workforce at plants around the world. And even if they were often described as...
GM to Produce New Buick in Germany
29 Jan 2009, 10:59 UTC · By: Bogdan Popa / General Motors won't produce new Saab cars in Germany but, in return, it will move the production of new Buick models at Opel's main plant in Ruesselsheim near Frankfurt. Opel will become ...
Skoda Goes Airborne in Germany, Lands on Church Roof
27 Jan 2009, 10:51 UTC · By: Daniel Patrascu / Residents of the small German settlement Limbach – Oberfrohna, near Chemnitz, woke up to the sounds of sirens, as emergency services rushed to the scene of a somewhat odd accident. The to...
Audi to Idle the Ingolstadt Plant for Five Days
23 Jan 2009, 16:07 UTC · By: Bogdan Popa / We all know the whole automotive industry is now under heavy pressure and, unfortunately, Audi is no exception to this rule. As part of its anti-recession plan, Audi today announced it will idle its...
Mercedes Ignores Global Recession, Builds New Stamping Facility
21 Jan 2009, 13:18 UTC · By: Bogdan Popa / Despite the difficult market conditions brought by the over-discussed financial crisis, Mercedes today announced it will invest approximately 70 million euros in a new stamping facility. The constru...
2009 Ford Focus RS Production Starts in Germany
21 Jan 2009, 08:25 UTC · By: Bogdan Popa / Ford Motor Co. today announced it has started the production of the new Ford Focus RS at its European plant in Saarlouis, Germany. The new model will be sold in more than 20 European countries, the ...